During the initial stage of Antminer crowdfunding, 840 bitcoins were raised in 24 hours

Antshares is a protocol for the digitalization of small and micro assets. Anyone can use the Antshares protocol to digitally register their assets in Antshares. The most typical application is that start-ups can use Antshares to manage their shares after crowdfunding.

The Antminer project was born a year ago, and has taken every step steadily and cautiously. The official website was launched in September this year, the official white paper was released, and the crowdfunding plan was announced in October. The night before yesterday, the Antminer crowdfunding was completed as scheduled.

At 9:00 pm on October 20, 2015, the crowdfunding of the AntShare product entered the rush stage. As of 9:00 pm on October 21, 2015, a total of 840.7 BTC was raised, accounting for 60.05% of the minimum target of 1,400 BTC and 40.03% of the maximum target of 2,100 BTC.

The total amount of Antshares is fixed at 100 million shares. This crowdfunding is based on 1,000 shares as one unit, and each unit is 0.14 BTC. Users who participate in crowdfunding during the rush period can enjoy an additional 15% reward and can become a referrer. Users who start investing after the rush period end, if they fill in the referrer, can get an insider reward of 5% of their investment amount. At the same time, this referrer can get a referrer reward of 10% of the user's investment amount.

24 hours of beachhead period

The beachhead period started at 9 p.m. on the 20th. Da Hongfei, the Xiaoyi project leader, and two technical staff members of the team stayed in the office all night, fearing unexpected situations such as server overload.

At 9 o'clock, the crowdfunding started on time. About 10% of the investment amount was completed in 5 minutes, about 25% in 1 hour, and 40% in 24 hours. In the last 15 minutes of the rush period, the progress bar was just at 39.99%. Da Hongfei shouted in the Xiaoyi QQ group, "Who will invest 40%?" Just like that, a few minutes later, 40% was indeed invested.

The Xiaoyi QQ group "Xiaoyi Community" is one of the few active groups in the circle. The chat records of more than 500 people in the group have reached 73,000 lines in the past month, including discussions on consensus mechanisms, equity crowdfunding, economic models, and the future of blockchain.

The crowdfunding of Xiaoyi was conducted on the Micro Angel website. Micro Angel purchased its own independent server and hosted it in a telecommunications computer room. Before the crowdfunding, Da Hongfei advocated using a cloud host, but CTO Zhang Zhengwen insisted on purchasing a server on his own. Now it seems that this choice is undoubtedly wise, firstly because of its excellent performance and secondly because it ensures the physical security of the wallet on the server.

“The performance during the pre-launch period not only met but even exceeded my expectations. The digital currency community has been somewhat sluggish in the past two years, but the crowdfunding amount of Antminer is not low.” Da Hongfei said, “I checked the investment records and found that many of them are friends in the industry that I am familiar with in the past. Thank you for your recognition of the Antminer team!”

As of 9:00 pm on the 21st, the 24-hour beachhead period ended, and Antminer completed 60.05% of the minimum target of 1,400 BTC and 40.03% of the maximum target of 2,100 BTC, raising 840.7BTC . The next is the 30-day crowdfunding period, which ends on November 20. There were 141 investments in the beachhead period from 119 accounts. The most concentrated investments were made in the first hour and the last hour of the beachhead period.

In addition, Da Hongfei mentioned that users can also be reminded about this crowdfunding that users who currently fill in the nickname of the user who invested in the beachhead period as a recommender can obtain an additional 5% of the crowdfunding share.

The Ant Financial team has done data analysis for beachhead investments. The following figure shows the distribution of beachhead investments: the Y axis is the number of BTC per investment. Micro Angel has set a limit of no more than 70 BTC per investment.

The above picture is compiled based on the public information on Micro Angel. Specifically, it shows every investment under "Recent Investment" on the project page.

In addition, Micro Angel is part of the Ant ecosystem and is an open source crowdfunding platform based on the Ant blockchain protocol. In the future, entrepreneurs who want to build a crowdfunding platform on the Ant ecosystem can quickly start by simply copying the Micro Angel code.

Regarding other questions about the Ant Group crowdfunding, Da Hongfei gave corresponding answers below.

8btc: You said that the crowdfunding progress during the beachhead period was in line with expectations. Have you ever thought about what to do if the crowdfunding is not fully raised by the deadline?

Da Hongfei: The performance during the beachhead period not only met but even exceeded my expectations. The digital currency community has been somewhat sluggish in the past two years, but the amount of crowdfunding raised by Antminer is not low. I checked the investment records and found that many of them were friends in the industry that I knew in the past. I won’t name them one by one, but would like to thank them all here. Thank you for your recognition of me and the Antminer team!

There are always risks in public crowdfunding. We have also considered the possibility of insufficient fundraising. What should we do if insufficient fundraising is raised? The answer is that the team will tighten their belts and launch the testnet in November first. Blockchain is not an ordinary job for us, but a vision and ideal in our hearts.

8btc: Before investing, most users will ask for some details. Will you make some profit guarantees or other things? What are the issues that people who come to consult or discuss in the Ant Group mostly?

Da Hongfei: Antminer is a venture capital and project funding, just like previous blockchain crowdfunding. Blockchain is a brand new field, and it is bound to face multiple risk factors such as policies, technology, and market. Participating in Antminer crowdfunding is a high-risk investment, and there is no need to deny this. Again, invest money you can afford to lose, invest in projects you understand, and invest in people you can trust. If you meet the first three requirements, you can participate; if you have any concerns about any of them, you must carefully consider it.

The most common questions in the XiaoYi QQ group are: What does XiaoYi do? When can it be traded? Are XiaoYi shares company equity? I will keep it a secret here. If you are interested in XiaoYi and have questions, please join the XiaoYi community QQ group 23917224. I believe someone will be willing to answer, as long as you fill in him as a recommender when you invest.

8btc: Has Xiaoyi tried to obtain project funding from Wanxiang Blockchain Lab?

Da Hongfei: A few months before the blockchain conference, we had several contacts and exchanges with Wanxiang through Mr. Shen Bo. I personally admire Mr. Xiao Feng's vision and courage. This blockchain summit was extremely successful. I had a heated debate on blockchain technology with several mainstream financial leaders in the WeChat group today. Without Wanxiang's demonstration, there would be no dialogue between blockchain and mainstream finance.

Before the meeting, I learned from Wanxiang Blockchain Lab that due to the tight schedule of this summit, there will not be time to award projects and review funding during the conference. There is no doubt that Xiaoyi will strive to be the representative of China's blockchain protocol-level projects and strive for project funding from Wanxiang Blockchain Lab.

Editor's note: When I was preparing this simple notice, I sent Da Hongfei a few questions I wanted to know. After finishing the 24-hour statistics work for the beachhead period last night, Da sent a 1,400-word reply at 1:48 a.m. I want to give Da Hongfei a thumbs up for his conscientious work ethic.

Editor: Meng Dada
Source: Babbitt Information